Inkjet firm moving to Londonderry opens up Meredith commercial spaceBy BEA LEWIS
Union Leader Correspondent
April 11. 2018 11:14PM
MEREDITH — Two of the town’s largest commercial properties are looking for new owners as Electronics for Imaging completes relocating its inkjet business to a new facility in Londonderry.
In Aug. 2016, the company announced it was relocating to a 250,000 sq. ft. building with room for expansion that was scheduled for completion in early 2018.
EFI designs and manufactures large format digital printers capable of creating highly detailed images on practically any material. It employs 837 people, 305 of them in Meredith, the bulk of whom are mechanical or electrical engineers.
The company’s new home was modeled on the open concept EFI implemented at its headquarters in Silicon Valley, Calif.
The Londonderry site will provide 25 percent more space and will increase efficiency by allowing all work to occur under one roof instead of having employees shuttle between buildings.
EFI has signed a long-term ground lease with the city of Manchester, as well as a lease for the building from BTMU Capital Leasing and Finance LLC, a subsidiary of MUFG, one of the world’s leading financial groups.
At the time the move was announced, company officials said the prime factors in picking Londonderry was the close proximity to both Manchester-Boston Regional Airport, Logan International Airport and the skilled workforce available in southern New Hampshire.
For sale signs went up this week on property EFI owns at the corner of Waukewan Street and Route 104 and at 1 Vuteck Place, just off Route 104. The Manchester office of CBRE New England the listing agent, declined to disclose the asking price, citing the terms of the agreement with the owner.
The 10.68-acre property at 189 Waukewan St., includes a 46,000 sq. ft. two-story prefabricated metal building constructed in 1972 and a 3,600 sq. ft. one-story steel office building with a masonry veneer erected in 1977. The town accesses the property for tax purposes at $2,171,800.
At 1 Vuteck Place, the company owns a 20.60-acre site with a building housing more than 90,000 sq. ft. of factory space. It is assessed for tax purposes at $3.5 million.
At the time the move was announced, Scott Schinlever, EFI’s senior vice president, said the company had outgrown its Meredith facilities and remained grateful to have been part of the community’s “very welcoming business community.”
The company’s super-wide digital-inkjet printers cater to mid - and high-end specialty print shops making signs, billboards and graphic screens, as well as to commercial photo labs. The company also makes flexible ink designed to bend, and which is used in bus and vehicle wrap applications.